Common use of RECEIPT BY ESCROW AGENT Clause in Contracts

RECEIPT BY ESCROW AGENT. This Agreement fully executed by Hersha Owner, Owner JV and each of the other Parties thereto, has been received by Escrow Agent as of this 2nd day of February, 2016, and by its execution hereof. Escrow Agent hereby covenants and agrees to be bound by Sections 2.1, 2.2, 3.9, 4.4, 4.5(b), 9.1, 9.2, and 9.3 and any other terms of this Agreement that are applicable to Escrow Agent in its role as escrow agent pursuant to this Agreement. Escrow Agent’s agreement to the forgoing and execution of this Receipt is further subject to the following:

Appears in 6 contracts

Samples: Asset Purchase and Contribution Agreement (Hersha Hospitality Trust), Asset Purchase and Contribution Agreement (Hersha Hospitality Trust), Asset Purchase and Contribution Agreement (Hersha Hospitality Trust)

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RECEIPT BY ESCROW AGENT. This Agreement fully executed by Hersha Owner, Owner JV and each of the other Parties thereto, has been received by Escrow Agent as of this 2nd day of February, 2016, and by its execution hereof. Escrow Agent hereby covenants and agrees to be bound by Sections 2.1, 2.2, 3.9, 4.4, 4.5(b), 9.1, 9.2, and 9.3 and any other terms of this Agreement that are applicable to Escrow Agent in its role as escrow agent pursuant to this Agreement. Escrow Agent’s agreement to the forgoing and execution of this Receipt is further subject to the following:

Appears in 1 contract

Samples: Asset Purchase and Contribution Agreement (Hersha Hospitality Trust)

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